New Gold Stock Sell Signal

My Gold Stock indicators issued a new sell signal Friday. Gold Bullion is entering a correction mode. The metal has outperformed the mining companies in the last three years, but that relationship is in the process of switching and mining companies will be the best investment. But they will both be good investments. There are two ETFs that are convenient for most people: streetTracks Gold Trust [ticker: GLD] tracks the gold and Market Vector Gold Miners [GDX] tracks the mining companies. I currently own a basket of junior mining companies and major gold producers and a few silver miners. Otherwise I am 80% T-Bills.





Where are we in the Broad Stock Markets? I think that this is only a bounce in a bear market and the bear market will be a savage beast that will reassert itself in another few weeks. "My setup for the Dow Jones industrials has now turned bearish. This setup has no trade delay, which means execution is for the open on Monday. The Dow Jones signal is based on fading the "dumb money" large speculators when they get super-bullish or bearish. They've been reducing their huge net short position steadily for several weeks and are now nearly net long." Alex Roslin see COT link